Norwegian offshore services player Reach Subsea has extended the charter deal for the multipurpose offshore vessel Olympic Taurus and ordered two new ROVs from Kystdesign.
and ordered two new ROVs from Kystdesign.The Olympic Subsea-owned vessel started a project for Reach Subsea under a 100-day deal in January this year. The deal included extension options for a total of four years.
The company stated that a two-year extension was exercised and that it would retain options for two one-year extensions.
Reach Subsea also ordered two new Constructor-type ROVs from Kystdesign with delivery in May 2024. The ROVs will be financed through an equipment leasing frame agreement.
The Constructor is a heavy-duty ROV designed for carrying and operating large tools and modules with a depth rating of 3,000 meters. Following delivery, the ROVs will be mobilised onto the Reach Subsea fleet.
“With a solid backlog and substantial tender pipeline for the coming periods, we are enhancing our capacity to capitalize on the rapidly advancing global subsea market. The addition of the two new Constructor ROVs not only enhances our fleet’s flexibility but also bolsters our capability to efficiently execute a diverse range of underwater tasks,” said Jostein Alendal, CEO of Reach Subsea.
